Dodge & Cox
US Investment Firm Dodge & Cox Doubles Stake in Entain to 10%
UK-listed gambling company Entain has revealed that US fund management group Dodge & Cox last week doubled its stake.
The investment, which took its shareholding from 5.01% to 10.33%, took place on the same day Entain reported an update for the third quarter, during which group net gaming revenues rose 7% year-on-year.
As of the Ladbrokes owner’s closing share price on 1 November, the day before the investment, a 5.22% stake would have been worth around £310m.
Entain said on 2 November that it was on track to meet the upper end of its net gaming revenue guidance of $1.8bn to $2.0bn for the full year.
Dodge & Cox is a San Francisco-based investment manager with $323bn in assets under management as of the end of 2022.
-
Balkans4 weeks agoSYNOT Games Signs Strategic Partnership with Star Bet
-
Giorgia Kasat3 weeks ago
Reals Appoints Giorgia Kasat as New Head of HR, Strengthening Organizational Strategy in the Betting Industry
-
Compliance Updates2 weeks ago
AOJND and FEDBET to Appoint Expert Task Force to Support ONJN in Combating the Illegal Gambling Market
-
Press Releases4 weeks ago
PG Soft unleashes Knockout Riches title
-
Baltics4 weeks ago
BETER Shortlisted in Nine Categories at the Baltic and Scandinavian Gaming Awards 2025
-
Asia4 weeks ago
Esports to make its mark at Khelo India Youth Games 2025 with BGMI, Street Fighter 6, Chess, and eFootball
-
Baltics3 weeks ago
HIPTHER Confirms Exciting Networking Venues and Stage Themes for MARE BALTICUM Gaming & TECH Summit 2025
-
Central Europe3 weeks ago
EGT will be a gold sponsor of Casino Operations Summit 2025
